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How $97.3M in Financial Misstatements Fumbled NC DPS's Internal Audit
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Subscribe27 JUL 2026 / BUSINESS
The North Carolina Department of Public Safety (NC DPS) has had an audit which identified $97.3m in overstatements and understatements and required 34 corrective audit adjustments. The investigation, carried out by the North Carolina Office of the State Auditor, revealed control failure in the department due to weak financial oversight, inconsistent auditing, staff turnovers, and a lack of written procedures; despite a clean correction, these noted inconsistencies may pose a risk for future financial reporting.
A financial statement can end up correct and still tell an uncomfortable story about how it got there. That is the central issue in the North Carolina Department of Public Safety audit for the fiscal year ended June 30, 2025. The North Carolina Office of...
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